CandleFocus What Crypto Whales Are Buying for Potential Gains in November 2024
2024-11-01
Author: Content Editor
Crypto whales are strategically positioning themselves for potential profits in the fourth quarter, with November historically being a notable month for gains in cryptocurrencies. By analyzing on-chain data, it has been identified that crypto whales are buying certain altcoins this month. MKR, the Maker Protocol's governance token, tops the list of tokens being bought. Crypto whales have purchased over $7 million worth of MKR, indicating potential for the altcoin's price to jump higher. XRP, the native token of the Ripple blockchain payment project, is another token being bought by crypto whales, with over $1 billion worth of XRP accumulated. The price of XRP tends to increase when crypto whales buy. Pepe, a meme coin, is also being bought by whales for potential gains in November. If crypto whales continue buying Pepe, its price might rise higher, but if they stop buying, the price may decline.
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